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if you go back when this thing first broke, they initially put up a big defense. remember them going running around saying we're going to fight them and when this case. leaking stories. liz: the other thing -- >> goldman will lose. liz: let me cut in quickly. goldman -- hang on. goldman paid for the breeze. they pay for his defense. they did because they want to make sure to their own employees. for greece was a symbolic face. the face of wall street in this deal. a big victory for the s in ec. next up is penalties. >> i disagree. i don't think he's a face. i think that the street has moved on. i think that this is a bigger story of the loss. the fact that they want, it's almost rudimentary. liz: agaii, the case is over. it appears that the fabulous fab is not so fab. he is liable. liable on six of the seven counts. already settled. okay. coming right back. twenty-six minutes before the closing bell. dow jones industrial up 118. ♪ liz: well, it was just launched moments ago. the first and set produced since the takeover by google in 2011. the beginning of the co
if you go back when this thing first broke, they initially put up a big defense. remember them going running around saying we're going to fight them and when this case. leaking stories. liz: the other thing -- >> goldman will lose. liz: let me cut in quickly. goldman -- hang on. goldman paid for the breeze. they pay for his defense. they did because they want to make sure to their own employees. for greece was a symbolic face. the face of wall street in this deal. a big victory for the s...
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it seems like he should ve to pay for his own defense and should be the one who pays for these damages because he is the one who is accused of the conduct. >> his lawyer had the audacity task for the city to pay for his expenses, basically they claim that the city never gave him sexual harassment training. in ft, the contention is that in the 20 years he served congress that he never got sexual harassment training their either. so amazing abo all of this in the ironic thingis that everybody from washington d.c. to san diegoas known about this guy's behavior, been as cereal pervert, a jerk for years, and get a prop him up for mayor. they contribut to his campaign. they worked on his behalf to get him elected and now they're all shocked at this kind of behavior . >> when i was going to say, what they are finding is he isti standing firm in saying i will be the mayor. i am not stepping down or resigning. think that is part of the reason why over 60 percent of san diego's on amount. they just want him out a one recall. melissa: it is a serious issue that taxpayers could be liable for this
it seems like he should ve to pay for his own defense and should be the one who pays for these damages because he is the one who is accused of the conduct. >> his lawyer had the audacity task for the city to pay for his expenses, basically they claim that the city never gave him sexual harassment training. in ft, the contention is that in the 20 years he served congress that he never got sexual harassment training their either. so amazing abo all of this in the ironic thingis that...
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Jul 25, 2013
07/13
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so i don't see a defense in either the washington action or in the new york action that's really going to hold weight right now. david: guy, neither one of you do. harvey pitt, seth, thanks very much. we appreciate it. liz? liz: david, from plumbers to doctors it is a one-stop shop giving you inside scoop on local offices and quality. how do they handle competition if a online behemoth become as competitor? angie's list ceo gives us a plan. look at rapidly growing review site but the stock is up 100% year-to-date? how will the company turn a profit. >>> google launch as new device that brings video straight from the computer or smartphone to your tv. david: wow. liz: we have details how that works. you have to stay tuned. that is just ahead. >> i'm ashley webster with your fox business brief. expedia is the biggest loser after-hours following disappointing second quarter results. earnings for the online travel company falling 15 cents short of the estimate at 64 cents a share. revenue also coming in slightly lower than expected at $1.2 billion. >>> parents are having to open their wall
so i don't see a defense in either the washington action or in the new york action that's really going to hold weight right now. david: guy, neither one of you do. harvey pitt, seth, thanks very much. we appreciate it. liz? liz: david, from plumbers to doctors it is a one-stop shop giving you inside scoop on local offices and quality. how do they handle competition if a online behemoth become as competitor? angie's list ceo gives us a plan. look at rapidly growing review site but the stock is...
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Jul 29, 2013
07/13
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an increase in defense spending. the president is campaigning around the country for more stimulus spending and the administration says it will not negotiate on raising the debt ceiling. >> we are now arguing about the composition. they want us to build a better future for the american middle class. >> one republican analyst says there is no way they will agree to raising the debt ceiling without more spending limits. >> they are willing to lower their expectations a bit. i think we can have a mini deal this year that raises the debt limit and starts to bring entitlement spending under control, or at least starts to slow the growth. peter: the president takes his budget campaign to chattanooga tomorrow. he will to her and amazon.com warehouse. it is adding 7000 new jobs in 13 states. adam: thank you. peter barnes in washington, d.c. lori: a u.s. judge has ruled that bernanke should testify in their million-dollar lawsuit. it is rare for a fed chairman to be deposed in a lawsuit. an exception should be made because be
an increase in defense spending. the president is campaigning around the country for more stimulus spending and the administration says it will not negotiate on raising the debt ceiling. >> we are now arguing about the composition. they want us to build a better future for the american middle class. >> one republican analyst says there is no way they will agree to raising the debt ceiling without more spending limits. >> they are willing to lower their expectations a bit. i...
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Jul 26, 2013
07/13
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the state department dollar defense department and all that. having said that, i think mrs. kennedy will do a fine job. the real key is access to the president. if you have access to the president, everything follows. she is a subsidy person, and that is the second real qualification. think she will do quite well. dagen: is this about adjusting to the japanese culture? how difficult is that? >> it is somewhat difficult. japan is different, even asians will say that it is a different place. but you know these are great allies, great friends of the united states. they will go out of their way to try to be helpful to mrs. kennedy or any american ambassador. i think she's going to find it to be one of the greatest experiences of life. i think life will never be the same after it. is just such a varied background that you're dealing with. one minute someone will be talking to you about agriculture in the next about nuclear weapons. japan is so central to american foreign policy in the pacific that it is an intellectually challenging but deeply rewarding post. dagen: what do you s
the state department dollar defense department and all that. having said that, i think mrs. kennedy will do a fine job. the real key is access to the president. if you have access to the president, everything follows. she is a subsidy person, and that is the second real qualification. think she will do quite well. dagen: is this about adjusting to the japanese culture? how difficult is that? >> it is somewhat difficult. japan is different, even asians will say that it is a different...
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Jul 26, 2013
07/13
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the defense will say, wait a minute. slow down here. this is a case where you guys are frustrated because you were unnble to make a case against steve cohen which was the premier and notch in your belt after the progress of the raj rajaratnam and the group at that efforts and in your -- gupta in your frustration you're taking course of action to put my client out of business. tracy: is that, that is preet's reputation now, isn't it? there is a little ego mania in here, isn't there? >> well the, the government doesn't like to lose and they have tremendous, tremendous arsenals and options. i think really that is the point to be made here. okay, let's assume for the sake of arguement as lawyers like to say they couldn't make this case against the significance ture defendant on wall street, steve cohen. so what do they do? the sec brings in administrative action which they fail to supervise properly. which any lawyer is somewhat watered down theory. it is not insider trading or securities fraud. it is failure to supervise. will there be cri
the defense will say, wait a minute. slow down here. this is a case where you guys are frustrated because you were unnble to make a case against steve cohen which was the premier and notch in your belt after the progress of the raj rajaratnam and the group at that efforts and in your -- gupta in your frustration you're taking course of action to put my client out of business. tracy: is that, that is preet's reputation now, isn't it? there is a little ego mania in here, isn't there? >>...
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Jul 25, 2013
07/13
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plus defense is about a80% of o our sales. >> ways just going to say, defense is not really your primary business any more. >> i can't speak for everybody else but for us u.s. defense is only about 8% of our sales. with all of the acquisitions i've done, almost nothing is done in that segment. it is too iffy over time and i don't want it bet our company's future offer that kind of market. >> so where is your growth? >> from around the world. ? >> in terms of industry. >> oil and gas has been tremendous. we started really doing a much bigger job with oil and gas starting in '04, '05. i just felt good about that and energy efficiency so we started investing in both of those. i with say both of those trends paid off for us pretty well. aerospace in general is also good on the commercial side. >> energy seems to be a game changer for the u.s. economy. when you look at where oil is now, a hundred dollars a barrel, $106 a barrel recently, is that sustainable. do you think that's warranted where it? given the fact that everybody is talking about the u.s. becoming an energy exporter at some poin
plus defense is about a80% of o our sales. >> ways just going to say, defense is not really your primary business any more. >> i can't speak for everybody else but for us u.s. defense is only about 8% of our sales. with all of the acquisitions i've done, almost nothing is done in that segment. it is too iffy over time and i don't want it bet our company's future offer that kind of market. >> so where is your growth? >> from around the world. ? >> in terms of...
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Jul 27, 2013
07/13
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clearing the department of justice and the department of defense is no easy job. the other thing i will say is we have to take the spectrum in the order we get it. the 700 megahertz off shin came after it the aws auction. so we could compete -- that was the auction on the block. we put our resources into clearing it. we are using that spectrum -- we're probably using it most, that is our lte spectrum. we do not have low band spectrum and that is what this auction is about. and i am his handout going to recognize him. you forng to recognize your comment. also, in your written testimony, you were comparing your auction -- at&t and verizon, i came to the boston celtic to play the celticskin to playing amateur. faith you have so little in these providers? >> let me say, yes, i cannot help to think fondly of the that is thes, but product of growing up in boston. there are many competitors comparable to t-mobile and sprint. they were going through their own internal spec trim issues. they all got beat. after they choice came up and the. we came up and the. -- up empty.
clearing the department of justice and the department of defense is no easy job. the other thing i will say is we have to take the spectrum in the order we get it. the 700 megahertz off shin came after it the aws auction. so we could compete -- that was the auction on the block. we put our resources into clearing it. we are using that spectrum -- we're probably using it most, that is our lte spectrum. we do not have low band spectrum and that is what this auction is about. and i am his handout...
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Jul 27, 2013
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host: what is his defense in a nutshell? guest: he's got a number of defenses. he claims he just not did not do it, he claims he did not live in the paulson role. of the says that any itestors in abacus, he said was completely transparent and you can look at the mortgage- backed bonds that were in abacus. any investor could decide for themselves whether or not to invest these are sophisticated investors. the investors that lost money or a big german bank, a big dutch bank. goldman sachs ended up with a long position in abacus and ended up losing money on the deal itself. tourre, far as fabrice he said he did not do it and they sec bringing the case against him. part of the defense or the prosecution's case is that tourre wases,mr. asked to classify how much mr. paulson was going to put into this investment. been testimonys by one of the participants, a company called aca management which was a company that came in as a third-party and select the portfolio behind abacus. claim cutives at aca that goldman sachs convince them that paulson was taking a long position
host: what is his defense in a nutshell? guest: he's got a number of defenses. he claims he just not did not do it, he claims he did not live in the paulson role. of the says that any itestors in abacus, he said was completely transparent and you can look at the mortgage- backed bonds that were in abacus. any investor could decide for themselves whether or not to invest these are sophisticated investors. the investors that lost money or a big german bank, a big dutch bank. goldman sachs ended...
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Aug 1, 2013
08/13
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the defense was feeling very confident. but again this is a very big victory for the sec. again the jury finding tourre liable on six count. the only count he wasn't liable on is making mysterious material omissions with regards to various marketing materials to be made to aca. which is one of the short or i should say long investors. but this long investors, in the ceo called abicuss in which they lost several hundred million dollars. there was a claim that mr. tourre, a 34-year-old doctoral candidate at university of chicago, mislead investors in marketing the synthetic ceo called abicus. most notably john paulson's hedge fund not only helped select the reference mortgages for this portfolio but also he didn't correct an assumption by some of the investors that he was only short the portfolio. there was some who assume that mr. paulson's hedge funded also taken a long position. so again, this is a significant victory for sec. keep in mind the agency is only brought three cases to trial. one of them concerning a citigroup executive. that citigroup executive found not guil
the defense was feeling very confident. but again this is a very big victory for the sec. again the jury finding tourre liable on six count. the only count he wasn't liable on is making mysterious material omissions with regards to various marketing materials to be made to aca. which is one of the short or i should say long investors. but this long investors, in the ceo called abicuss in which they lost several hundred million dollars. there was a claim that mr. tourre, a 34-year-old doctoral...
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Jul 31, 2013
07/13
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the army judge will spend weeks hearing from defense and prosecution witnesses. the government is expected to provide a classified assessment of the damage created by manning's disclosures. they are also expected to see the lawyer for bradley manning continue to portray his client as a patriot who followed his conscience. expressing gratitude to his legal team and supporters. our next caller in taylor, michigan, on the democrats line. hi, don. caller: hello. tank you for c-span. -- thank you for c-span. gave anom line is they oath to the constitution, nobody else. all he did was show e-mails. thousands of people are reading them. biden said something about them. the thing is, you have to think about our forefathers. weren't they all whistleblowers on the british government? they knew the wrongs of those british government, so that is why they wrote the constitution. give their oath to the constitution, not to an administration or a corporation. manning to me, they are heroes. bush, clinton, obama -- they all lied, they all said they were going to do one thing. lo
the army judge will spend weeks hearing from defense and prosecution witnesses. the government is expected to provide a classified assessment of the damage created by manning's disclosures. they are also expected to see the lawyer for bradley manning continue to portray his client as a patriot who followed his conscience. expressing gratitude to his legal team and supporters. our next caller in taylor, michigan, on the democrats line. hi, don. caller: hello. tank you for c-span. -- thank you...
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Jul 30, 2013
07/13
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into the trust funds to the federal government for general spending for whether for medicare or war defense budget or road building or food stamps, the spent.is largely that doesn't mean your benefits won't be there. they will probably be there. going ust in reality forward we have an explosion of seniors coming and smaller number of taxpayers and the have to change. the reality is there is no trust und at the local bank or local fidelity waiting to pay the bills. you go system and we will have to fix it going forward. that is why eventually you will age andraise retirement make reforms of programs because it won't be affordable. ost: where are you at now, still involved in healthcare? guest: i'm in new york most of the time. i loive in washington but i'm investment firm and at a a fair amount of taoeuime of -- i'm of im of counsel. host: tom scully, thank you for helping us mark the 48th anniversary of the medicare program. appreciate it. guest: thank you. host: up next we will turn our political o fund-raising with the 2014 congressional elections coming up. with bill allison. first a new
into the trust funds to the federal government for general spending for whether for medicare or war defense budget or road building or food stamps, the spent.is largely that doesn't mean your benefits won't be there. they will probably be there. going ust in reality forward we have an explosion of seniors coming and smaller number of taxpayers and the have to change. the reality is there is no trust und at the local bank or local fidelity waiting to pay the bills. you go system and we will have...
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Jul 24, 2013
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flat on defense. but clearly the commercial side of the business driving a better than expected 2 q earnings for boeing. back to you. >> okay, phil. yeah, all the news about boeing, it hasn't been financial news recently. >> and, joe, one thing. you're looking at that pre-market at 110.43. new all-time high. >> which kind of shows us that a lot of the stuff that the media might focus on is not really that relevant to what's happening with the company itself. right? >> well, i think the one question that will come up in the conference call is clearly they were able to protect and keep the delivery schedule for the 787 intact as they were going through the grounding in the first quarter and into the second quarter. they have gotten past that, they clearly will be increasing delivery schedules. now the question is how do you bring down the cost. how do you really drive the profitability through. that's the real challenge for these guys now. >> we should also talk about caterpillar because those numbers a
flat on defense. but clearly the commercial side of the business driving a better than expected 2 q earnings for boeing. back to you. >> okay, phil. yeah, all the news about boeing, it hasn't been financial news recently. >> and, joe, one thing. you're looking at that pre-market at 110.43. new all-time high. >> which kind of shows us that a lot of the stuff that the media might focus on is not really that relevant to what's happening with the company itself. right? >>...